TD analysts also noted the US........>

US TSYS/SUPPLY: TD analysts also noted the US Treasury will sell 3s on Tuesday,

10s on Wednesday and 30s on Thursday, which it will announce today at 8:30am ET.

"With $42.7bn maturing at the mid-month settlement, the auctions will raise

$20.3bn in new cash. There will also be $11bn in SOMA holdings maturing, with

the Fed allowing only $6bn to run off the balance sheet," they said. "This would

lead the Fed to add on $2.3bn to 2s, $2.2bn to 10s and $1.5bn to 30s."

- "Note that there is some uncertainty about how much the Fed will allow to run

off at the current auction series, potentially allowing just $3bn to run off now

and $3bn to run off at the 2s5s7s auction series later in the month," they said.

"This could impact add-on amounts at the current auction series."

- They expect 3/10/30Y auction rolls: a 2.1bp roll for 3yr, 1.3bp for 10yr, and

0.2bp roll for 30yr. "Note that if Treasury does increases auction sizes in 10s

and 30s, we expect the rolls to open up on the cheaper end," they added.